Thames wharf revival

AN INVESTOR has been discovered to forward construction of a planned residential and logistics development on the Thames at Fulham.

The new equity commitment however is from the undisclosed investor, Roger Fox reports.

Wharf will be retained

As a former industrial shipping site, Albert & Swedish Wharf, will be improved and retained with new logistics warehouses below high-rise homes overlooking the river.

The developer is to introduce a new jetty for waterborne cargo and construct a new section of the Thames Path from Wandsworth Bridge to Fulham Wharf for the first time.

Altogether this mixed-used scheme will comprise of seven buildings that will rise from six to 17 storeys

A tremendous boost

The project that includes the work on the jetty is expected to cost around £150m to build.

Ian Rickwood, Chief Executive, Henley Investment Management, explained:

“Working with our new joint venture partner represents a tremendous boost to the scheme and is a real signal of the confidence and conviction in this exciting project.

“The Thames has huge untapped potential for handling light freight and utilising the river more will help ease congestion and reduce pollution across London.

“The development will completely transform this part of the riverfront and the continuation of the Thames Path will create riverside access for new residents and the existing community.”